Is Midwest Holding, Inc. overvalued or undervalued?

As of 25 October 2023, Midwest Holding, Inc. has moved from a fair to an attractive rating. The company appears to be undervalued based on its current financial metrics. Key ratios include a price-to-earnings (P/E) ratio of 12.5, a price-to-book (P/B) ratio of 1.2, and a return on equity (ROE) of 15%.
In comparison to peers, such as Prudential Financial with a P/E of 14.8 and MetLife with a P/E of 11.6, Midwest Holding stands out as a more appealing investment opportunity. Additionally, the company's recent stock performance has outpaced the Sensex, reinforcing the notion of its undervaluation.